ConocoPhillips Company News

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ConocoPhillips Sells Australia-West Assets, Ops to Santos for $1.3B
Friday, May 29, 2020Due to market volatility and deferring Barossa FID, the companies agreed to lower the initial upfront payment.

CNOOC's Latest Penglai Phase Starts Production
Tuesday, May 26, 2020A new wellhead platform has been built, with 47 wells planned in total.

ConocoPhillips CFO to Retire
Thursday, May 21, 2020William L. Bullock Jr. will assume the role of executive vice president and CFO on Sept. 1.

Permian Drillers Slash Output Themselves
Monday, May 04, 2020On the same day OPEC-style oil quotas in Texas were pronounced dead on arrival, shale drillers disclosed more supply cuts.

ConocoPhillips Unveils Curtailment Plans
Friday, April 17, 2020The company has cut 2020 cash uses by more than $5B within the past month.

ConocoPhillips Cuts Capex by $700MM
Thursday, March 19, 2020The capex cuts represent a 10-percent reduction from previous guidance.

ConocoPhillips Divests Niobara and Permian Assets
Friday, March 06, 2020ConocoPhillips has completed two transactions to sell its Niobara and Waddell Ranch assets.

ConocoPhillips Awards Barossa Contracts to NOV and Aker
Wednesday, March 04, 2020The Barossa field development will extend the Darwin LNG export facility's service life.

Fluor and Anadarko Vets Join ConocoPhillips Board
Wednesday, March 04, 2020ConocoPhillips reported that its board of directors has elected David T. Seaton and Al Walker to serve as board members.

ConocoPhillips Extends Bristow Contracts
Wednesday, February 12, 2020This photo shows a Bristow S-92 aircraft on the ramp at ConocoPhillips' Ekofisk platform in the North Sea. PHOTO SOURCE: Bristow Group, Inc.

Top Upstream Companies in Predictive Maintenance
Tuesday, November 26, 2019GlobalData has identified the 'leading' upstream companies that are adopting predictive maintenance technologies in the oil and gas industry.

ConocoPhillips Unveils its 10-Year Operational Plan
Tuesday, November 19, 2019ConocoPhillips revealed its 10-year plan on Tuesday, which exhibits a commitment to capital discipline while providing higher returns to shareholders.

Fracking Could Revive Colombia's Oil and Gas Game
Thursday, November 07, 2019Fracking could give Colombia's oil industry a new lease on life.

ConocoPhillips Awards FPSO Contract
Wednesday, October 30, 2019Pictured is a rendering of the Barossa FPSO. IMAGE SOURCE: MODEC

ConocoPhillips to Divest Some Australia Assets
Monday, October 14, 2019ConocoPhillips has agreed to sell the subsidiaries holding its Australia-West assets and operations to Santos Limited for US$1.39 billion.

Conoco's Move to Keep Canadian Synthetic Crude Under Fire
Tuesday, October 01, 2019ConocoPhillips's shift to a cheaper substitute to dilute the thick bitumen coming from its oil-sands operations may deal a blow to companies that turn heavy oil into more-valuable lighter grades.

ConocoPhillips Completes $2.7B UK Asset Sale to Chrysaor
Monday, September 30, 2019Houston-based ConocoPhillips has completed its sale of two U.K. oil and gas businesses to privately-owned Chrysaor E&P Limited for $2.675 billion.

ConocoPhillips Allots EPCI Contract for Barossa Pipeline
Thursday, September 26, 2019ConocoPhillips Australia has awarded an engineering, procurement, construction and installation contract to Allseas Marine Contractors Australia Pty Ltd. for the Barossa Gas Export Pipeline.

Top 10 Independent Oil and Gas Companies to Work For
Wednesday, September 04, 2019Rigzone's latest Ideal Employer Survey outlines the most desirable independent oil and gas companies to work for.

ConocoPhillips's Profits Flat in 2Q
Tuesday, July 30, 2019The oil and gas producer raked in $1.58 billion in earnings while slightly boosting production and capital spending.

LNG Could be a Lifeline for Alaska's Struggling Oil Industry
Friday, July 26, 2019LNG offers a critical replacement opportunity for an aging oil industry that has been so central to Alaska's economic growth.

ConocoPhillips Bringing Know-How to Vaca Muerta
Thursday, July 25, 2019ConocoPhillips and Wintershall Dea will jointly develop the Aguada Federal and Bandurria Norte blocks in Neuquen province, central Argentina.

Oil Workers Evacuate GOM Rigs as Storm Strengthens
Wednesday, July 10, 2019Oil and natural gas producers in the U.S. Gulf of Mexico began evacuating workers and shutting in output as a storm gathers strength off the coast of Florida.

Big Oil to Permian Strugglers: No Bailouts
Thursday, May 30, 2019Big Oil probably won't be buying up the Permian Basin's struggling independent drillers any time soon.

ConocoPhillips to Sell UK Assets for $2.675B to Chrysaor
Thursday, April 18, 2019Houston-based ConocoPhillips is selling its two UK subsidiaries to private equity-backed Chrysaor E&P Limited for $2.675 billion plus interest.

Conoco Looks to Sell North Sea Fields
Monday, April 01, 2019An agreement would end a troubled sale process for the company, which is selling the assets as it turns its attention to U.S. shale.

Next US Shale Wave Will Need Fewer Heads, Different Skills
Wednesday, March 27, 2019Technology, process optimization and a different kind of headcount would lead the second exploration and production uptick.

Repsol Makes Gas Discovery in Indonesia
Wednesday, February 20, 2019Repsol S.A. has unlocked the largest gas discovery in Indonesia in 18 years.

ConocoPhillips Contracts Rowan Jackup
Thursday, January 10, 2019The ultra-harsh environment jackup rig boasts a maximum drilling depth of 35,000 feet.

ConocoPhillips Plans for $6.1B Capital Spend in 2019
Monday, December 10, 2018ConocoPhillips is keeping capital expenditures flat in 2019 while anticipating a production surge.

ConocoPhillips Departs Barnett
Thursday, November 01, 2018ConocoPhillips has completed the sale of its assets in the Barnett shale play in North Texas to Lime Rock Resources for approximately $230 million.

ConocoPhillips Strikes First Oil at New Alaska Site
Wednesday, October 10, 2018ConocoPhillips Alaska flows its first oil at the Greater Mooses Tooth #1 in Alaska's North Slope.

ConocoPhillips to Divest Timor Sea Acreage
Monday, October 01, 2018ConocoPhillips to sell its 30% interest in the Greater Sunrise natural gas and condensate fields.

KBR, ConocoPhillips to Develop Off-the-Shelf LNG Tech
Tuesday, September 18, 2018KBR and ConocoPhillips will jointly develop a standardized, mid-scale LNG train for both greenfield and brownfield projects.

ConocoPhillips Settles With Venezuela's PDVSA To Recover $2B
Monday, August 20, 2018ConocoPhillips will recover about $2 billion under a settlement with PDVSA ending a long-running dispute.

'New Player' Enters Louisiana Austin Chalk
Monday, August 13, 2018Amelia Resources has sold 40,000 net acres of newly acquired leases in Louisiana Austin Chalk and Louisiana-Mississippi (LAMS) Stack plays to an 'undisclosed US-based buyer.'

ConocoPhillips to Cut US Staff in September
Monday, August 13, 2018Oil and gas producer ConocoPhillips will be implementing modest workforce reductions.

Darwin Seeks To Shed Frontier Image To Become World-Class LNG Export Hub
Friday, July 27, 2018Australia's tropical city of Darwin wants to establish itself as a world-scale energy export hub.

ConocoPhillips Boosts 2018 Spending, Production Outlook
Thursday, July 26, 2018ConocoPhillips posts better-than-expected quarterly profit thanks to rising crude prices.

BP Is Said in Talks for Conoco's UK Field Stake in Swap
Friday, May 18, 2018BP and ConocoPhillips are in discussions for an asset swap deal, according to sources.

US: Enough Global Oil To Avoid Caribbean Fuel Disruptions
Wednesday, May 16, 2018There is enough oil supply in the global market to make up for potential fuel disruptions, a State Department spokesman says.

Sources: Conoco Aiming To Seize Oil Cargoes Near Citgo's Aruba Terminal
Tuesday, May 15, 2018ConocoPhillips has brought court actions to seize at least two cargoes of crude and fuel near a terminal operated by PDVSA subsidiary Citgo Petroleum, sources say.

Venezuela Suggests Ready To Pay After Conoco Moves On Its Caribbean Assets
Thursday, May 10, 2018Venezuela rejected ConocoPhillips's moves to seize the country's Caribbean assets to collect on a $2 billion arbitration award.

Curacao Sees 'Potential Crisis' from Venezuela-Conoco Row
Wednesday, May 09, 2018Curacao, a small island off the coast of Venezuela, is prepared to purchase refined products on the global market.

Sources: Conoco Expected To Soon Temporarily Seize PDVSA Curacao Assets
Monday, May 07, 2018ConocoPhillips is expected to renew an effort to temporarily seize PDVSA oil inventories at the 335,000-barrel-per-day Isla refinery, sources say.

ConocoPhillips Profit Tops Estimates On Rising Oil Prices, Cost Cuts
Thursday, April 26, 2018ConocoPhillips posts a bigger-than-expected quarterly profit.

Venezuela Hails $2B Award As 'Tough Lesson' For Conoco
Thursday, April 26, 2018Venezuela says a $2.04 billion award to ConocoPhillips over a decade-old nationalization was a 'tough lesson.'

Shale Producers Urge FERC To Deny White Cliffs Oil Pipeline's Fee Request
Friday, February 23, 2018Top shale oil producers asked a US regulator this week to reject White Cliffs pipeline's application.

Why Canada Is The Next Frontier For Shale Oil
Monday, January 29, 2018Canada is the first country outside the United States to see large-scale development of shale resources.

Exxon, BP Targeted in NYC Suit That Relies on 'Nuisance' Theory
Wednesday, January 10, 2018New York City sues BP, Chevron, ConocoPhillips, ExxonMobil and Shell claiming they're the world's largest industrial contributors to climate change.